‘We’re All Worse Off’: Top Economist Says People Need to Accept That Everyone Is Poorer in Today’s Economy
Americans aren’t the only ones grappling with rampant inflation. During an episode of Columbia Law School and the Millstein Center’s “Beyond Unprecedented” podcast, Bank of England’s chief economist, Huw Pill, said that people in the U.K. “need to accept that we’re all worse off.” Pill explained that as people keep demanding higher pay, it only…